Wednesday, August 17, 2022
  • About
  • Privacy Policy
  • Editorial Principles
  • Why to trust us
  • Contact
Scoop Nova
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
Scoop Nova
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
No Result
View All Result
Scoop Nova
Home Technology

Samsung aims for foldable phone sales to surpass those of the Note

admin by admin
July 28, 2022
in Technology
0
Samsung aims for foldable phone sales to surpass those of the Note
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

Curio, led by Energy Dept. veteran, aims to recycle nuclear waste

SoftBank-backed Ola Electric wants to launch India-built EV in 2024

Cloud stocks rise as investors see resilience in Q2 2022 results

Samsung Electronics said it aims to outperform the currently discontinued notebook series Smarp Tone by selling foldable smartphones in order to increase the profitability of the mobile phone division.

Cho Sung Joon | Bloomberg | Getty Images

Samsung Wants to make foldable smartphones mainstream, and said Thursday that it aims to sell such devices beyond the popular notebook series handsets.

A major South Korean electronics manufacturer is trying to promote the sale of foldable handsets to increase the profitability of the mobile sector, which is suffering from soaring material costs and declining consumer demand.

Samsung first launched a notebook smartphone model in 2011. It has been a success for many years due to the larger screen size when rival displays were smaller.

However, as smartphones continued to grow, including Samsung’s flagship S-series devices, Note was eventually discontinued. Instead, the company’s Galaxy S Ultra model filled that void. Released in 2020, the Note 20 was the last phone in the Samsung series.

Samsung’s first foldable phone, the Galaxy Fold, was launched in 2019 after some technical issues. Since then, the company has released many other models.

However, foldable smartphones are still a niche part of the entire smartphone market. Samsung wants to turn them into “mainstream,” according to earnings announcements released Thursday, to boost profitability in the smartphone sector.

“We will continue to maintain the momentum of S-series sales in the second half of the year and use the new foldable series that will be launched to exceed the sales volume reported in the notebook series.” The company’s mobile experience division. Sung Koo Kim, vice president of the company, said at a conference call Thursday.

Given that the latter device is currently discontinued, it’s unclear what time frame the foldable will refer to in order for Samsung to take over the sale of the notebook. Samsung couldn’t clarify when contacted by CNBC.

For reference, Samsung has shipped 190 million Note devices across the life of the phone, according to IDC. So far, Samsung has shipped over 10 million foldable smartphones.

Samsung has shipped about 12 million Note 20 phones and about 14 million Note 10 devices at the end of the series. This is compared to the latest Samsung foldable phones, the Galaxy Z Flip 3 and Galaxy Z Fold 3 devices.

The company is preparing for the release of a new foldable device next month.

IDC analyst Brian Ma told CNBC, “It makes sense for Samsung to bet foldable. It’s a premium, profitable product that boosts average selling prices and sets Samsung apart from its competitors. “.

“Noteline still has enthusiastic fans, but it’s still 10 years old, so putting the company’s ambitions in a foldable way allows the company to stay ahead of the curve.”

Indeed, the profitability of its smartphone sector is Samsung’s main focus. According to Samsung, mobile business revenues in the second quarter declined quarter-on-quarter due to rising costs and a “bad foreign exchange”. However, sales increased year-on-year due to increased sales of premium models such as the S22 smartphone and Tab S8 tablet series.

Samsung’s Kim expects the smartphone market to remain flat or grow slightly in the second half of the year. Folding smartphones will be an important part of Samsung’s efforts to increase profitability.

By targeting fully mainstream foldable sales, the company said, “By offering foldable sales beyond the Galaxy Note series and a differentiated consumer experience enabled by global partnerships, the company is aiming for completely mainstream foldable sales. We will ensure solid profitability. “

Tags: aimsBusiness newscell phonefoldableLtd.Mobile phone manufacturingNotePhoneRevenuesalessamsungSamsung Electronics Co.smartphonesurpasstechnology
Previous Post

Biden tests negative for Covid, ends strict quarantine

Next Post

JetBlue to buy Spirit for $3.8 billion after months-long fight over discounter

admin

admin

Related Posts

Curio, led by Energy Dept. veteran, aims to recycle nuclear waste
Technology

Curio, led by Energy Dept. veteran, aims to recycle nuclear waste

by admin
August 17, 2022
SoftBank-backed Ola Electric wants to launch India-built EV in 2024
Technology

SoftBank-backed Ola Electric wants to launch India-built EV in 2024

by admin
August 16, 2022
Cloud stocks rise as investors see resilience in Q2 2022 results
Technology

Cloud stocks rise as investors see resilience in Q2 2022 results

by admin
August 13, 2022
How to pick the right MacBook
Technology

How to pick the right MacBook

by admin
August 12, 2022
Hackers steal $100 million in crypto from Harmony’s Horizon bridge
Technology

Ether (ETH) price surges after ethereum completes final testnet merge

by admin
August 11, 2022
Next Post
JetBlue to buy Spirit for $3.8 billion after months-long fight over discounter

JetBlue to buy Spirit for $3.8 billion after months-long fight over discounter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Biden says U.S. willing to use force to defend Taiwan — prompting China backlash

Biden says U.S. willing to use force to defend Taiwan — prompting China backlash

May 23, 2022
coalition's

Brand new coalition’s policies will probably extend totally free childcare 

February 15, 2022

Categories

  • Business
  • Politics
  • Scandal
  • Scandals
  • Technology
  • Uncategorized

Don't miss it

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects
Politics

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects

August 17, 2022
This tiny, profitable luxury automaker can withstand a recession
Business

This tiny, profitable luxury automaker can withstand a recession

August 17, 2022
Curio, led by Energy Dept. veteran, aims to recycle nuclear waste
Technology

Curio, led by Energy Dept. veteran, aims to recycle nuclear waste

August 17, 2022
When to buy Tesla stock, according to tech investor Paul Meeks
Business

When to buy Tesla stock, according to tech investor Paul Meeks

August 16, 2022
SoftBank-backed Ola Electric wants to launch India-built EV in 2024
Technology

SoftBank-backed Ola Electric wants to launch India-built EV in 2024

August 16, 2022
House passes massive climate, tax and health bill
Politics

House passes massive climate, tax and health bill

August 14, 2022
Scoop Nova

Scoop Nova is the only worldwide news organization with a European perspective, and it’s where the rest of the world goes to hear what the World has to say.

Categories

  • Business
  • Technology
  • Scandals
  • Politics

Quick Links

  • About Scoop Nova
  • Contact us
  • Editorial Principles
  • Why to trust us
  • Privacy Policy
  • Sitemap

Recent News

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects

August 17, 2022
This tiny, profitable luxury automaker can withstand a recession

This tiny, profitable luxury automaker can withstand a recession

August 17, 2022

© Copyright 2022 ! All rights are reserved by scoopnova.com

  • Home
  • Business
  • Technology
  • Scandals
  • Politics

© Copyright 2022 ! All rights are reserved by scoopnova.com